FRANICAM: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
What changed
FRANICAM
NACE 47.741, Retail sale of medical and orthopaedic goods, excluding prescription glasses and lenses
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€270,910
2024 · -€324,457+€53,547
Equity
-€706,569
2024 · -€435,659-€270,910
Cash
€25,809
2024 · €5,255+€20,554
Balance sheet total
€2.2m
2024 · €2.3m-€144,014
Largest movements
Assets
- Tangible fixed assets -€89,777
down €89,777 (-6.3%), from €1.4m to €1.3m
of which Land and buildings: -€67,341
- Stocks and contracts -€54,969
down €54,969 (-7.0%), from €783,982 to €729,013
- Intangible fixed assets -€24,691
down €24,691 (-33.0%), from €74,771 to €50,079
Equity and liabilities
- Short-term financial debts -€400,000
down €400,000 (-80.0%), from €500,000 to €100,000
- Current portion of long-term debt +€297,361
up €297,361 (+62.1%), from €478,714 to €776,075
- Profit (loss) carried forward -€270,910
down €270,910 (-21.7%), from -€1.2m to -€1.5m
- Debts after one year +€258,925
up €258,925 (+20.2%), from €1.3m to €1.5m
of which Other amounts payable: +€315,000
- Trade debts -€39,389
down €39,389 (-84.3%), from €46,710 to €7,321
Income statement
- Gross operating margin +€54,457
up €54,457 (+15.0%), from €363,326 to €417,784
- Financial charges -€11,068
down €11,068 (-14.1%), from €78,746 to €67,677
- Financial income -€7,768
down €7,768 (-55.8%), from €13,924 to €6,156
- Depreciation +€6,490
up €6,490 (+5.0%), from €129,604 to €136,093
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Result 2024
-€324,457
Gross operating margin
+€54,457
Staff costs
+€4,085
Depreciation
-€6,490
Other operating charges
-€1,940
Financial income
-€7,768
Financial charges
+€11,068
Taxes
+€134
Result 2025
-€270,910
raises the resultlowers the result
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
-€114,107
Investment
-€21,625
Financing
+€156,286
Cash 2024
€5,255
From operations (derived)
-€114,107
Net result for the year
-€270,910
Depreciation
+€136,093
Stocks and contracts
+€54,969
Receivables within one year
+€2,079
Deferred charges and accrued income
-€6,948
Trade debts
-€39,389
Tax, wage and social debts
+€18,123
Advances received
+€4,668
Other debts
-€12,100
Accrued charges and deferred income
-€693
Investment (derived)
-€21,625
Investment in fixed assets (net)
-€21,625
Financing
+€156,286
Debts after one year
+€258,925
Current portion of long-term debt
+€297,361
Short-term financial debts
-€400,000
Cash 2025
€25,809
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,295,688 | €2,151,674 | -€144,014 | -6.3% |
| Fixed assets | 21/28 | €1,501,111 | €1,386,642 | -€114,469 | -7.6% |
| Intangible fixed assets | 21 | €74,771 | €50,079 | -€24,691 | -33.0% |
| Tangible fixed assets | 22/27 | €1,426,054 | €1,336,277 | -€89,777 | -6.3% |
| Land and buildings | 22 | €1,218,582 | €1,151,242 | -€67,341 | -5.5% |
| Plant, machinery and equipment | 23 | €140,277 | €138,530 | -€1,748 | -1.2% |
| Furniture and vehicles | 24 | €67,194 | €46,505 | -€20,689 | -30.8% |
| Financial fixed assets | 28 | €286 | €286 | = | 0.0% |
| Current assets | 29/58 | €794,577 | €765,031 | -€29,545 | -3.7% |
| Stocks and contracts in progress | 3 | €783,982 | €729,013 | -€54,969 | -7.0% |
| Stocks | 30/36 | €783,982 | €729,013 | -€54,969 | -7.0% |
| Amounts receivable within one year | 40/41 | €4,905 | €2,827 | -€2,079 | -42.4% |
| Trade receivables | 40 | €4,904 | €1,168 | -€3,736 | -76.2% |
| Other amounts receivable | 41 | €1 | €1,659 | +€1,658 | +271,802% |
| Cash at bank and in hand | 54/58 | €5,255 | €25,809 | +€20,554 | +391% |
| Deferred charges and accrued income | 490/1 | €435 | €7,383 | +€6,948 | +1,599% |
| Total equity and liabilities | 10/49 | €2,295,688 | €2,151,674 | -€144,014 | -6.3% |
| Equity | 10/15 | -€435,659 | -€706,569 | -€270,910 | -62.2% |
| Contributions | 10/11 | €185,000 | €185,000 | = | 0.0% |
| Revaluation surpluses | 12 | €620,766 | €620,766 | = | 0.0% |
| Reserves | 13 | €6,618 | €6,618 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,618 | €6,618 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,618 | €6,618 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,248,043 | -€1,518,953 | -€270,910 | -21.7% |
| Amounts payable | 17/49 | €2,731,347 | €2,858,243 | +€126,896 | +4.6% |
| Amounts payable after more than one year | 17 | €1,280,721 | €1,539,646 | +€258,925 | +20.2% |
| Financial debts | 170/4 | €175,721 | €119,646 | -€56,075 | -31.9% |
| Other amounts payable | 178/9 | €1,105,000 | €1,420,000 | +€315,000 | +28.5% |
| Amounts payable within one year | 42/48 | €1,449,696 | €1,318,360 | -€131,336 | -9.1% |
| Current portion of amounts payable after more than one year | 42 | €478,714 | €776,075 | +€297,361 | +62.1% |
| Financial debts | 43 | €500,000 | €100,000 | -€400,000 | -80.0% |
| Credit institutions | 430/8 | €500,000 | €100,000 | -€400,000 | -80.0% |
| Trade debts | 44 | €46,710 | €7,321 | -€39,389 | -84.3% |
| Suppliers | 440/4 | €46,710 | €7,321 | -€39,389 | -84.3% |
| Advances received on contracts in progress | 46 | €7,737 | €12,405 | +€4,668 | +60.3% |
| Taxes, remuneration and social security | 45 | €54,435 | €72,559 | +€18,123 | +33.3% |
| Taxes | 450/3 | €15,917 | €24,528 | +€8,611 | +54.1% |
| Remuneration and social security | 454/9 | €38,518 | €48,031 | +€9,512 | +24.7% |
| Other amounts payable | 47/48 | €362,100 | €350,000 | -€12,100 | -3.3% |
| Accrued charges and deferred income | 492/3 | €930 | €237 | -€693 | -74.6% |
| Non-recurring operating income | 76A | - | €2,000 | +€2,000 | |
| Remuneration, social security and pensions | 62 | €447,445 | €443,360 | -€4,085 | -0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €129,604 | €136,093 | +€6,490 | +5.0% |
| Other operating charges | 640/8 | €45,648 | €47,587 | +€1,940 | +4.2% |
| Gross operating margin | 9900 | €363,326 | €417,784 | +€54,457 | +15.0% |
| Operating profit (loss) | 9901 | -€259,370 | -€209,257 | +€50,113 | +19.3% |
| Financial income | 75/76B | €13,924 | €6,156 | -€7,768 | -55.8% |
| Recurring financial income | 75 | €13,924 | €6,156 | -€7,768 | -55.8% |
| Financial charges | 65/66B | €78,746 | €67,677 | -€11,068 | -14.1% |
| Recurring financial charges | 65 | €78,746 | €67,677 | -€11,068 | -14.1% |
| Profit (loss) for the period before taxes | 9903 | -€324,192 | -€270,778 | +€53,413 | +16.5% |
| Income taxes | 67/77 | €265 | €131 | -€134 | -50.5% |
| Profit (loss) for the period | 9904 | -€324,457 | -€270,910 | +€53,547 | +16.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€324,457 | -€270,910 | +€53,547 | +16.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.